MERRY CHRISTMAS. hopefully santaballas will put some canazall in our stockings, but hey, with recent events, I'd even settle for literal coal I could use to heat my house.
ok to stay on topic. nothing new. typically this is as an old poster whose name I forget used to say "amateur hour" and It was hinted I was that amateur.
but hey, to be honest, this forum is now more exciting than others on YF which are now shouting matches.
ok on to the good news with UBQU....as I see it.
we haven't moved past 2/4. but as I hoped, this is EXCELLENT. of course, the thesis for folks that either wouldn't buy UBQU at all, or would flip it if it even threatened 001 is that float (note again, the DTC is holding the last dump...hehehe...) and of course the 28B A/S to go.
why do I want nothing to happen before the next run? because, I want all the folks who could just dump that 28B A/S to go away, or to get forced buying by the MMs and institutions. why not retailers? because I think retailers are maybe at best 20% of the float, they are buying, holding, and those who are flipping are swing trading it, but they just don't force enough FOMO and buying power to stop the selling power.
who's on the selling? well if I'm right, and now we've got a few apes in here who have seen those youtubes out there. we have TOXIC Converters, who WANT to sell BEFORE their debts are paid so they can continue the cycle, get retailers to sell in despair and emotion, and then go back to the well of that A/S and repeat the cycle.
and of course, the MMs ....we now know they can LEGALLY NAKED SHORT and in pennies, the FTDs might be huge. all in the name of market liquidity....on a stock that probably moves only 20M if you count retailer interest....and of course they LOVE trips lowest risk most gain
and of course there is one James Ballas. but I argue it would be in james best interest to LET the stock run, he makes more money selling 1B at a penny, than 2 B at trip 8. and if he sold 1B at a penny thats 10 million....enough to pay off the debts of GDEt and UBQU combined! and have money in the bank. so regardless of past dispersions on one James A ballas, I do not buy that ballas is personally responsible or wanting to dump at trips.
so hard to stop the MMs from naked shorting...yet
but moves are being made to stop the toxic diluters.
and of course the cherry on the sundae which I think eventually they won't be able to stop. the ticker change(s) or the merger of GDET & UBQU.
recall all shorts out there....whether naked or not. for the ticker change. for GDET if it mergers with UBQU...for the merger....and the MM can say "hey, I didn't KNOW these were naked" indeed....so the BROKER who LENT those nakeds has to cover......schwab, fidelity, eh who knows?
but the point is all of sudden one selling pressure(s) (the MMs) have to STOP selling and SOMEBODY has to start just buying...by robot.
I am guessing, but that's what Mr.Ballas is waiting for with his bag of 28B....that squeeze to a penny.
and of course one LESS toxic converter doens't have access to the 28B....and GPL is being investimagated and THEIR sales went to DTC NOT to the retailers.
wouldn't want to be any of the other noteholders who might be under a microscope right now.
and even if this goes on to say.....sorry to say it....2023? say after a new congress swith a new finance committee and a new fight for market fairness emerges? well the movie and game will moon....but eventually they'll get to why this poor little penny stock continues to be hugely overshorted, and the acts of toxic note converters....who knows? maybe an end to Payment for order flow....and a real look into nakeds on penny stocks....
in the end, UBQU ain't going bankrupt any time soon, so eventually, shorts have to cover, and even if there aren't that many shorts, the MMs who probably own 80% of the float will "let it run" for their own Pump and dump.
so for now I sit on the 2s, occaisonally slap the 3s one time on last day of the week ....and wait.
may all your days be merry and bright, and may all your CBD be green.
